Harrisonblog

Tax season is here, and will be gone before we know it! If you used the first time home buyer tax credit in 2009, or are thinking about claiming the extended tax credit this year, you’ll want IRS Form 5405. [Click here to download the form.] For a full set of details about the tax [...]

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President Obama signed the extended home buyer tax credit bill on Friday. So, what does this mean? How does it work?
We’ve already gone over some of the major changes to the credit, but here they are again:

Both first-timers and existing homeowners would be able to take advantage of the expanded program through the end of [...]

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Yesterday, we posted some news about the first time home buyer tax credit being extended until April, along with some changes to the credit, including allowing existing homeowners $6,500 towards their purchase of a “move-up” home. (Note: There are more details to this new bill, so if you are interested, be sure to read up [...]

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The first-time home buyer tax credit has helped a lot of families across the nation in purchasing a home this year, but it is set to expire at the end of this month. There is a bill going through congress this week, and has already been unanimously agreed upon by the Senate (next — possibly [...]

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We’ve posted a lot about the first time home buyer tax credit lately, but what about some other tax credits related to real estate? Energy efficiency can not only gain you tax credits, but also confidence in that you are helping the environment, and energy savings long-term.
We came across this really cool guide to energy-efficiency [...]

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Real estate agents have been asked many questions about the new First Time Home Buyer Tax Credit, so here is a clear explanation of what it is, who qualifies, and how those who qualify get their money. To read up on the background of this tax credit, read our previous post titled “New and Improved [...]

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In 2008, Congress passed a law that offered a tax credit of $7,500 to anyone who purchases a home for the first time, up until June 30, 2009. Tax credits are better than deductions. Generally speaking, if you are entitled to a tax credit, you get the full amount, even if you owe [...]

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Heard of the “Emergency Economic Stabilization Act of 2008?” This bill was signed into law by President Bush in October. It extends tax credits for energy efficient home improvements made in 2009. This would include things like new energy efficient windows, doors, roofs, insulation, and so on. To read more about this Act and to [...]

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